Regulatory Alerts2020-01-01
Added · Updated
Law No. 152 of 2020 Issuing the Law on Developing Medium, Small, and Micro Enterprises
The Egyptian Parliament enacted Law No. 152 of 2020 to replace previous legislation and establish a comprehensive legal framework for the development of medium, small, and micro enterprises. The law introduces flexible definitions for enterprise sizes, establishes a temporary allocation system for real estate to facilitate financing, and grants priority status to lenders in recovering debts from distressed projects. Additionally, it provides a wide range of non-tax and tax incentives, including fee exemptions and customs reductions, to support business growth and formalization.
Topics
Share